Hauck & Aufhaeuser set a €245.00 ($284.88) price target on adidas (FRA:ADS) in a research note published on Wednesday morning. The brokerage currently has a buy rating on the stock.
Other equities analysts have also issued research reports about the company. Macquarie set a €260.00 ($302.33) price objective on adidas and gave the stock a buy rating in a report on Wednesday, September 26th. Commerzbank set a €236.00 ($274.42) price objective on adidas and gave the stock a buy rating in a report on Friday, September 7th. HSBC set a €255.00 ($296.51) price objective on adidas and gave the stock a buy rating in a report on Thursday, September 6th. UBS Group reiterated a buy rating on shares of adidas in a research note on Wednesday, October 17th. Finally, Royal Bank of Canada set a €235.00 ($273.26) target price on shares of adidas and gave the stock a buy rating in a research note on Wednesday, October 17th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of €224.87 ($261.48).
Shares of ADS stock traded up €1.70 ($1.98) during mid-day trading on Wednesday, hitting €200.80 ($233.49). 314,526 shares of the stock were exchanged. adidas has a 12-month low of €163.65 ($190.29) and a 12-month high of €201.01 ($233.73).
adidas Company Profile
adidas AG, together with its subsidiaries, designs, develops, produces, and markets athletic and sports lifestyle products worldwide. It offers footwear; apparel; and hardware, such as bags and balls under the adidas, Reebok, and adidas Golf brands. The company is also involved in Y-3 label business activities; and the operation of Runtastic, a digital health and fitness space.
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